Tax-to-GDP Ratio: Comparing Tax Systems Around the World 💰📊
How does each country’s tax system compare to one another? Since countries’ populations and economies differ greatly, measuring total tax revenue is not the best way to compare international tax systems.
Instead, using a tax-to-GDP ratio is one of the more useful ways to compare tax systems around the world.
The dataset used here looks at 35 of the 37 OECD countries, since recent data for Australia and Japan was not available.
The tax-to-GDP ratio measures a country’s tax revenue, relative to the size of its economy (measured by its Gross Domestic Product, or GDP). A higher tax-to-GDP ratio means more money is going to government coffers, and in theory, public services like education and infrastructure. Out of 35 OECD countries, Denmark has the highest tax-to-GDP ratio at 46.3%, while Mexico ranks last at 16.5%.
📊 Data:
FAOSTAT | http://www.fao.org/faostat/
Statista | https://www.statista.com/
OECD | https://www.oecd.org/
IMF | https://www.imf.org/
📝 Publications:
Encyclopedia Britannica: https://www.britannica.com/
https://www.visualcapitalist.com/
#Taxes #AnimatedStats #DataRanking #DataComparison #DataVisualization
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